Did Cyber Monday outshine Black Friday this year?
Not satisfied with your holiday weekend shopping? Don't worry, it's Cyber Monday.
The good news for merchants is that more Americans this year turned out to bag Thanksgiving weekend deals than last year. The bad news, however, is that shoppers on average spent less on their purchases compared to a year ago.
Wall Streeters returning Monday after an almost five-day holiday weekend better be well rested: the week ahead brings an onslaught of reports on retailers, consumer spending and the jobs market.
Although malls around the country reported a rush of shoppers and filled parking lots throughout Black Friday, total sales for the day only saw a slight - and not a robust - improvement over last year.
Although Black Friday seemed to be missing the usual mayhem associated with it, the good news for merchants was that shoppers eagerly spent money on toys, cashmere sweaters, Snuggie blankets and gadgets at juicy discounts .
Black Friday was slow and steady for Main Street retailers, a sharp contrast from the door-busting stampede of bargain hunters that rush Wal-Marts and Best Buys across the nation.
They came by truck, by van and even by taxi.
The number of people shopping on Black Friday and the days following is expected to see a modest pick up, according to a survey released Tuesday.
Tech-savvy holiday shoppers are hoping a new iPhone application will help them beat the rush on Black Friday.
Did Cyber Monday outshine Black Friday this year?
Not satisfied with your holiday weekend shopping? Don't worry, it's Cyber Monday.
The good news for merchants is that more Americans this year turned out to bag Thanksgiving weekend deals than last year. The bad news, however, is that shoppers on average spent less on their purchases compared to a year ago.
Wall Streeters returning Monday after an almost five-day holiday weekend better be well rested: the week ahead brings an onslaught of reports on retailers, consumer spending and the jobs market.
Although malls around the country reported a rush of shoppers and filled parking lots throughout Black Friday, total sales for the day only saw a slight - and not a robust - improvement over last year.
Although Black Friday seemed to be missing the usual mayhem associated with it, the good news for merchants was that shoppers eagerly spent money on toys, cashmere sweaters, Snuggie blankets and gadgets at juicy discounts .
Black Friday was slow and steady for Main Street retailers, a sharp contrast from the door-busting stampede of bargain hunters that rush Wal-Marts and Best Buys across the nation.
They came by truck, by van and even by taxi.
The number of people shopping on Black Friday and the days following is expected to see a modest pick up, according to a survey released Tuesday.
Tech-savvy holiday shoppers are hoping a new iPhone application will help them beat the rush on Black Friday.
For the past few years, holiday cheer has been in short supply for electronics retail chains.
Black Friday shopping is expected to pick up more than 16 percent this year, according to a survey released Tuesday.
For all the ballyhoo about Black Friday, the crown jewel in the holiday shopping calendar has been something of a bust for retailers. That's led to a shift in how the day is being handled this season.
Wal-Mart is looking to jump-start holiday sales by expanding last year's $10 toy incentive tenfold, the company said Wednesday.
Foot traffic plummeted at stores this Saturday compared to last year but sales increased slightly, suggesting that shoppers are making fewer, more efficient trips for their holiday buying, according to a report released Tuesday.
With just over a week to go until Christmas, consumers have completed less than half of their holiday shopping - and millions have not even started yet, according to a report released Tuesday.
When stores report their November sales Thursday, analysts expect the scorecard will look pretty bleak once again.
The online holiday shopping season unofficially began Monday, with analysts expecting a flat performance versus last year in the face of the weak U.S. economy.
Stocks got hammered Monday, as investors bailed out following confirmation that the U.S. is mired in a recession and indications that it's likely to continue for some time.
Happy Cyber Monday! If the crowds on Black Friday were any indication, it looks like consumers will be busy surfing the Web for deep discounts as well.
Stores and online merchants were busier this weekend than they were a year ago, according to figures out Sunday, but signs persist that holiday shopping will suffer in the weakest economic climate in decades.
Holiday shoppers continued their trek to malls and big-box stores Saturday, amid early indications of slightly higher Black Friday sales to kick off the season.
Black Friday appeared to start strong this year, but analysts warned that the robust start to the critical holiday shopping period could fade by midday.
Merchants know it's all or nothing when the clock strikes 12.01 a.m. Friday.
In five short days, it could be the beginning of the end for some of the nation's malls.
Faced with a dismal climate for consumer spending, Richard Baker, a real estate mogul turned boy wonder of retailing, has set in motion a dramatic shakeup of his crown jewel, the Lord & Taylor department store chain.
Retailers shouldn't write off the 2007 holiday shopping season just yet. Consumers are set to bag $60 billion worth of merchandise over the next seven days, experts say.
A late surge by shoppers may not have been enough to save the Christmas shopping season.
Malls were open around the clock and stores came through with huge discounts - but it was unclear whether a last-minute shopping frenzy would put retailers over the top.
Some 35 million Americans have yet to start shopping for holiday gifts - meaning that the next seven days could make or break many retailers' Christmas season.
It was considered a retailing masterstroke - the $11 billion acquisition of the May Department Store Company by Federated Department Stores to form what is now known as Macy's. The 2005 merger created the first national department store chain and gave Macy's unprecedented clout with suppliers. Macy's Chief Executive Terry Lundgren, considered the merger's architect, was initially lauded as a visionary. Then the trouble started.
After getting off to a fast start last month, holiday sales at some of the nation's largest retailers have slowed to an excruciatingly slow pace and mall traffic has dropped dramatically.
A generally modest November employment report is due Friday from the Labor Department, and don't be surprised to find weakness in an area where you'd expect strength this time of year: the local shopping mall.
Are the nation's retailers giving away the store?
Retailers are still mulling the results from the first weekend of the holiday shopping season. But the outlook is still murky
Although deep discounts brought out much bigger crowds of holiday bargain hunters, a major retail trade group said Sunday that shoppers actually spent less money this year over the crucial Thanksgiving weekend.
Happy Vendredi Noir! Or Schwarzer Freitag! Or Viernes Negro!
Nautica, the sportswear brand with the seafaring theme, is facing the prospect of reduced selling space for its products at some large department stores, Fortune has learned.
Wal-Mart, clearly annoyed that some Web sites are leaking its much-anticipated Black Friday circular weeks in advance, is threatening legal action if those sites do it again this year.
Americans aren't in the mood to spend extravagantly this holiday season.
Shoppers are willing to spend more money than ever online, but when it comes to finding luxury goods on the Web, they're getting shortchanged.
Mother's should prepare to be showered with gifts this year for Mother's Day as many consumers plan to increase their spending, according to a survey released Tuesday by the National Retail Federation.
Netflix and Amazon be warned: "Click-and-mortar" retailers like Sears.com and JCPenney.com showed the most improvement online this holiday season, an industry report said Wednesday, though they still lagged well behind the big "pure-play" Internet retailers.
A last-minute buying binge may have delivered a stellar final weekend of holiday sales but total retail sales gains for the 2006 holiday shopping period still fell short versus last year.
If this year's Black Friday deals left you breathless, prepare for a more aggressive onslaught of heavy discounts as anxious retailers pull out the stops in the final make-or-break weekend of the 2006 holiday shopping season.
With Christmas just four days away, the 2006 holiday shopping season is shaping up for a nail-biting finish after the latest industry survey released Monday showed millions of shoppers still haven't even started buying their gifts.
With Christmas exactly a week away, the 2006 holiday shopping season is shaping up for a nail-biting finish after the latest industry survey released Monday showed millions of shoppers still haven't even started buying their gifts.
Long lines, crowded stores and parking lots filled to the brim are only some of the challenges holiday shoppers face in the winter months.
'Tis the season to be jolly, and it's also the time to go shopping for many Americans. From California to the Carolinas, Americans are braving crowds and long lines in stores as they gear up for a holiday season that seems to be starting earlier and earlier each year.
Stocks slipped Friday in a shortened post-Thanksgiving session, as investors focused on rising oil prices and reports from the nation's retailers about the start of the crucial holiday shopping season.
Retailers expect to see a flurry of sales in the last two days before Christmas, especially as many more shoppers this year say they will be buying their gifts later than ever.
U.S. consumers bought less than expected in November, according to a government report Tuesday, although a drop in gasoline prices actually led to some of the decline in spending.
Fine jewelry may shape up to be one of the best bargains of the holiday season as retailers offer deep discounts amid soaring precious metal prices.
The verdict on how retailers fared in the first month of the crucial holiday shopping season: disappointing, given all the hype about a robust start.
Cyber Monday, the online retail world's version of Black Friday, got off to a busy start as many holiday shoppers logged on at work and trolled the Internet in an effort to bag a few more bargains.
Retail sales are expected to jump 22 percent to nearly $28 billion over the Thanksgiving weekend, a retail group said Sunday, which would be a welcome relief to stores worried about a sluggish start to the holiday shopping season on Black Friday.
Shoppers braved long lines and chilly temperatures to hunt down the juiciest deals Friday, with a retail group forecasting higher sales for the traditional kickoff of the holiday shopping season.
Consumers are clearly in the driver's seat as nervous retailers get set to kick off the "official" start of the holiday shopping season on Friday.
Tired of swarms of shoppers, snaking check-out lines and the endless quest for parking?
Here's a twist to the variety of Black Friday gimmicks retailers are coming up with this year: department store chain Macy's will actually pay shoppers -- with free gift cards, not cash -- to shop at its stores the day after Thanksgiving, according to a report in USA Today.
While the "official" start to the 2005 holiday shopping season kicked off for most retailers on "Black Friday," or the day after Thanksgiving, online merchants have their banner day on "Cyber" Monday.
Even in the world of J. Crew and Target, Terry Lundgren believes there's a place for the good old department store.
As Black Friday goes, so goes the entire holiday shopping season, right?
Forget about Black Friday. Many retailers, especially the department store chains, are already chopping and slashing prices in a frantic bid to draw bargain-hungry shoppers and their crucial holiday dollars.
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What do you get when you take two big retail dinosaurs and morph them together? One really big dinosaur.
After a tepid start to the holidays, it was the late-season bargain hunters, strong gift card redemptions and deeper discounts after Christmas that apparently bailed out the nation's retailers.
Amazon.com and Sears knew how to treat their online customers right, while Payless ShoeSource and Safeway have lessons to learn, a study said Wednesday.
With just one weekend left before Christmas, this is make-or-break time for the nation's retailers.
Holiday sales rung up on Visa credit and debit cards continue to show strength, with a 16.1 percent gain in the week ended Dec. 12 compared with the same week in 2003, the spending card company said.
Retail sales rose an anemic 2.8 percent in November, although there is little evidence those numbers represent an early indication of a poor Holiday shopping season, according to a study.
The nation's shoppers were out in force this weekend, with double-digit percentage increases seen at both brick-and-mortar stores and online, and an estimated total of $22.8 billion in sales, reports indicated Sunday.
Two reports issued Saturday indicate that shoppers are out in force this holiday weekend, spending an estimated $8 billion on Black Friday, although the nation's No. 1 retailer isn't seeing as much traffic as it thought it would.
Rumors of the death of the department store, according to Terry Lundgren, have been greatly exaggerated. As CEO of 75-year-old Federated Department Stores (parent of Macy's and Bloomingdale's), he ...
The last thing retailers want for Christmas is bored shoppers.
What do you do when you see a shiny "Penney" on the street? Some say you should pick it up and rub it for good luck.
Wal-Mart's upside sales surprise, strong results from luxury retailers and better-than-expected performance from specialty apparel stores suggested Thursday that Santa came through for retailers in the holiday season.
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November
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